Geode Capital Management Portfolio holdings
Geode Capital Management, founded in 2001 and based in Boston, Massachusetts, is a prominent institutional asset management firm known for its expertise in low-cost, systematic index investing. Originally established to manage internal index funds for Fidelity Investments, Geode became an independent entity while retaining a close relationship with Fidelity, focusing on passive investment strategies that track major market indices. The firm oversees hundreds of billions in assets, offering a range of mutual funds and separately managed accounts primarily for institutional clients, such as pension funds and endowments, with an emphasis on minimizing costs and maximizing efficiency. Geode’s disciplined, quantitative approach and avoidance of active management have made it a key player in the rise of index-based investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
S&P Global
SPGI
|
+$216M |
| 2 |
Charter Communications
CHTR
|
+$192M |
| 3 |
SLB Ltd
SLB
|
+$79.3M |
| 4 |
IBM
IBM
|
+$70.2M |
| 5 |
Newell Brands
NWL
|
+$67.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AFFX
Affymetrix Inc
AFFX
|
+$7.53B |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$447M |
| 3 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$229M |
| 4 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$208M |
| 5 |
SANDISK CORP
SNDK
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.87% |
| 2 | Technology | 14.38% |
| 3 | Financials | 13.98% |
| 4 | Industrials | 10.32% |
| 5 | Consumer Discretionary | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
801
NewMarket
NEU
$8.07B
| $25.2M | 0.01% |
60,759
+2,046
| +3% | +$825K |
2013 Q2
12 quarters
|
|
802
Graphic Packaging
GPK
$2.61B
| $25.2M | 0.01% |
2,007,460
+35,870
| +2% | +$468K |
2013 Q2
12 quarters
|
|
803
Neurocrine Biosciences
NBIX
$13.9B
| $25.2M | 0.01% |
553,431
-29,538
| -5% | -$1.36M |
2013 Q2
12 quarters
|
|
804
ON Semiconductor
ON
$28.4B
| $24.9M | 0.01% |
2,821,658
+169,459
| +6% | +$1.61M |
2013 Q2
12 quarters
|
|
|
PPS
805
DELISTED
Post Properties
PPS
| $24.9M | 0.01% |
407,531
-8,700
| -2% | -$514K |
2013 Q2
12 quarters
|
|
806
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $24.9M | 0.01% |
533,263
+7,203
| +1% | +$369K |
2013 Q2
12 quarters
|
|
807
Hexcel
HXL
$6.75B
| $24.7M | 0.01% |
592,352
+26,330
| +5% | +$1.15M |
2013 Q2
12 quarters
|
|
808
TD Synnex
SNX
$19.9B
| $24.6M | 0.01% |
518,494
+33,122
| +7% | +$1.45M |
2013 Q2
12 quarters
|
|
809
Lazard
LAZ
$3.51B
| $24.6M | 0.01% |
824,544
+53,336
| +7% | +$1.85M |
2013 Q2
12 quarters
|
|
|
FMER
810
DELISTED
FIRSTMERIT CORP
FMER
| $24.6M | 0.01% |
1,211,206
+16,595
| +1% | +$360K |
2013 Q2
12 quarters
|
|
811
First Industrial Realty Trust
FR
$7.76B
| $24.5M | 0.01% |
882,389
+996
| +0.1% | +$24.4K |
2013 Q2
12 quarters
|
|
812
Zillow
Z
$7.04B
| $24.5M | 0.01% |
676,503
+35,444
| +6% | +$983K |
2015 Q3
3 quarters
|
|
813
Rithm Capital
RITM
$4.86B
| $24.4M | 0.01% |
1,764,697
-217,685
| -11% | -$2.8M |
2013 Q2
12 quarters
|
|
|
NUAN
814
DELISTED
Nuance Communications, Inc.
NUAN
| $24.4M | 0.01% |
1,803,380
-119,656
| -6% | -$1.78M |
2013 Q2
12 quarters
|
|
815
Thor Industries
THO
$3.59B
| $24.3M | 0.01% |
376,119
+62,080
| +20% | +$3.97M |
2013 Q2
12 quarters
|
|
816
AMC Global Media
AMCX
$447M
| $24.3M | 0.01% |
402,806
+15,871
| +4% | +$1.01M |
2013 Q2
12 quarters
|
|
817
Piedmont Realty Trust
PDM
$1.13B
| $24.3M | 0.01% |
1,127,466
-9,002
| -0.8% | -$183K |
2013 Q2
12 quarters
|
|
818
Cognex
CGNX
$9.32B
| $24.3M | 0.01% |
1,126,432
+50,310
| +5% | +$1.01M |
2013 Q2
12 quarters
|
|
819
Encompass Health
EHC
$12.6B
| $24.3M | 0.01% |
785,330
-7,224
| -0.9% | -$226K |
2013 Q2
12 quarters
|
|
820
Uniti Group
UNIT
$1.44B
| $24.2M | 0.01% |
837,673
+23,415
| +3% | +$581K |
2015 Q3
3 quarters
|
|
821
Teledyne Technologies
TDY
$28.4B
| $24.2M | 0.01% |
244,392
+1,618
| +0.7% | +$153K |
2013 Q2
12 quarters
|
|
822
DELISTED
Skechers
SKX
| $24.2M | 0.01% |
814,358
+51,904
| +7% | +$1.57M |
2013 Q2
12 quarters
|
|
|
WGL
823
DELISTED
Wgl Holdings
WGL
| $24.1M | 0.01% |
340,610
+12,520
| +4% | +$848K |
2013 Q2
12 quarters
|
|
824
Hawaiian Electric Industries
HE
$1.46B
| $24.1M | 0.01% |
735,093
+10,922
| +2% | +$360K |
2013 Q2
12 quarters
|
|
|
QEP
825
DELISTED
QEP RESOURCES, INC.
QEP
| $24.1M | 0.01% |
1,366,222
+149,767
| +12% | +$2.59M |
2013 Q2
12 quarters
|
|
Similar funds
Geode Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Geode Capital Management held 4,187 positions worth $184B, down 2.4% from $188B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management withdrew a net $8.49B in Q2 2016, closing 127 positions and reducing 984 holdings. Its most notable exit was Affymetrix Inc, an estimated $7.53B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Technology and Financials.
Against the trend, Geode Capital Management opened a new position in S&P Global worth $215M.
- Geode Capital Management's largest Q2 2016 buy was S&P Global: 2,009,728 shares worth $215M.
- Geode Capital Management added most to Charter Communications in Q2 2016, an estimated $192M increase.
- Geode Capital Management's biggest Q2 2016 reduction was GE Aerospace, cutting an estimated $72.2M.
- Geode Capital Management fully exited Affymetrix Inc in Q2 2016, selling an estimated $7.53B.
- Geode Capital Management's ten largest holdings make up 15% of its $184B portfolio in Q2 2016.
- Geode Capital Management opened 96 new positions and closed 127 in Q2 2016.
- Geode Capital Management's portfolio value fell 2.4% quarter-over-quarter to $184B.
Based on Geode Capital Management's 13F filing for Q2 2016, filed 12 Aug 2016.